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iDreamSky Technology Holdings (HKSE:01119) Long-Term Capital Lease Obligation : HK$10 Mil (As of Dec. 2023)


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What is iDreamSky Technology Holdings Long-Term Capital Lease Obligation?

iDreamSky Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10 Mil.

iDreamSky Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$92 Mil) to Jun. 2023 (HK$13 Mil) and declined from Jun. 2023 (HK$13 Mil) to Dec. 2023 (HK$10 Mil).

iDreamSky Technology Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$73 Mil) to Dec. 2022 (HK$92 Mil) but then declined from Dec. 2022 (HK$92 Mil) to Dec. 2023 (HK$10 Mil).


iDreamSky Technology Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for iDreamSky Technology Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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iDreamSky Technology Holdings Long-Term Capital Lease Obligation Chart

iDreamSky Technology Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only 29.55 18.71 73.40 91.70 10.43

iDreamSky Technology Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.40 87.20 91.70 12.94 10.43

iDreamSky Technology Holdings  (HKSE:01119) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

iDreamSky Technology Holdings Long-Term Capital Lease Obligation Related Terms

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iDreamSky Technology Holdings (HKSE:01119) Business Description

Traded in Other Exchanges
Address
15 Keyuan Road, 16th Floor, A3 Building, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057
iDreamSky Technology Holdings Ltd operates a digital entertainment platform in the game publishing market in China. Its gaming portfolio includes role-playing games, endless running games, matching puzzle games and casual competition games among others. The company has two reportable segment: Game and information services segment and IP derivatives business segment.
Executives
Chen Xiangyu 2201 Interest of corporation controlled by you
Brilliant Seed Limited
Tencent Holdings Limited 2201 Interest of corporation controlled by you
Bank Of America Corporation 2201 Interest of corporation controlled by you
Dream Investment Holdings Limited
Dream Technology Holdings Limited
Idreamsky Technology Limited
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Chen Xiangyu
Yong Rong (hk) Asset Management Limited 2102 Investment manager
Tencent Mobility Limited

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